Solana's stablecoin supply has surged to an all-time high of $15 billion, fueled by recent product launches and institutional partnerships. Phantom has unveiled Phantom Cash, a consumer payment service utilizing the $CASH stablecoin, pegged to the U.S. dollar and issued through Stripe's Open Issuance platform. Solstice Finance introduced $USX, a Solana-native stablecoin backed by fiat-backed stablecoins, offering institutional-grade yield strategies. Additionally, Brex has integrated Solana to facilitate stablecoin payments for businesses, marking its first venture into the Solana ecosystem. These initiatives underscore Solana's expanding influence in the stablecoin market.
Solana Stablecoin Supply Reaches Record $15 Billion Amid New Service Launches
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